Copper futures settle higher as American currency weakens overseas
Copper futures settled higher on Wednesday as the American currency weakened against its major peers overseas amid hopes that Middle East conflict may be nearing an end, which will likely ease market volatility. Copper prices also rose following news that Chile, the world’s top producer, recorded its lowest monthly output in nearly nine years in February 2026.
Copper futures for May delivery rose $0.0325 to settle at $5.6465 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 0.80% at $12,434.50 a ton.
